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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Corporate power, society and the environment: a case study of ArcelorMittal South Africa
Authors:Bezuidenhout, AndriesISNI
Cock, JacklynISNI
Periodical:Transformation: Critical Perspectives on Southern Africa
Geographic term:South Africa
Subjects:iron and steel industry
multinational enterprises
industrial policy
External link:http://muse.jhu.edu/journals/transformation/v069/69.1bezuidenhout.pdf
Abstract:An analysis of the privatized steel monopoly ArcelorMittal's operations in South Africa is used to raise questions about the power of multinational corporations in relation to the State. The article focuses on the steel manufacturer's externalization of environmental, social and economic costs onto communities and upstream consumers of steel. The analysis is grounded in two places where steel production networks 'touch down': Vanderbijlpark in the south of Gauteng, where ArcelorMittal manufactures steel, and Ezakheni in KwaZulu-Natal, where a household appliance manufacturer uses steel as a major input. The article points to the limitations of competition policy (directed at the prevention of 'import-parity pricing') in the absence of an effective industrial policy. The classification of the postapartheid South African State as a 'developmental State' is questioned in the context of this minimalist approach to economic and social transformation. Bibliogr., notes, ref., sum. [Journal abstract]